Vietnamplus

Lists of top public companies and those in the banking, insurance, and technology sectors in 2022 was released by the Vietnam Report JSC and VietNamNet newspaper on August 3.

Vietnam Report JSC has officially announced the Top 50 prestigious and effective public companies of 2022 (VIX50).

Vinhomes JSC, Hoa Phat Group JSC, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Military Commercial Joint Stock Bank and Vietnam Dairy Products Joint Stock Company (Vinamilk) are among the top 50 public companies in 2021 announced by Vietnam Report.

Liquidity on Vietnam’s stock market hit a new record on August 20 with a total of more than 48.3 trillion VND (over 2.1 billion USD), worth of shares traded on both bourses.

Vietnam Report Joint Stock Company has recently announced Vietnam’s Top 10 prestigious and effective public companies in 2021 with six of them in banking and finance sectors including Vietcombank, ACB, VPBank, VIB, MBBank and Techcombank.

Vinhomes JSC, Hoa Phat Group JSC, Mobile World Investment Corporation and Vietcombank are among the top 50 public companies in 2021 announced by Vietnam Report.

The development of the equity market will help promote the transparency and corporate governance of listed companies, especially public companies with State capital, an official has said.

Public companies may receive a penalty of 2-3 billion VND (87,120-130,700 USD) for falsifying share listing and trading documents under a proposal from the Ministry of Finance.

The State Capital Investment Corporation (SCIC) will put its entire 36.3 percent stake, or 44.2 million shares, in the Vietnam Vegetable Oils Industry Corporation (Vocarimex) on the Hanoi Stock Exchange on August 15.

Deputy State Auditor General Vu Van Hoa has expressed wish to continue cooperating with the US’s Public Company Accounting Oversight Board (PCAOB) in the near future during a recent working session in Washington D.C.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named in the 17th annual Global 2000 – Forbes’ ranking of the World’s Largest Public Companies in 2019.

The adoption of International Financial Reporting Standards (IFRS) will be compulsory for State-owned enterprises (SOEs), listed companies and large-scale unlisted public companies after 2025, according to a draft project the Ministry of Finance recently made public for comments.

Vietnam has been named among the 60 most innovative economies in the world by the 2019 Bloomberg Innovation Index.

The new amended draft law on securities allowing full foreign ownership at public companies and investment funds would help Vietnam’s securities market be included in the Morgan Stanley Capital International (MSCI)’s review list for a potential reclassification to Emerging Markets status.

Three years after a groundbreaking decree opened public companies to foreign ownership, less than 4 percent of eligible firms have removed their foreign ownership ceiling.

The majority of lawmakers supported the expansion of the draft amended Anti-corruption Law’s scope to the non-State sector during the 14th National Assembly’s fifth session on June 13 in Hanoi.

Vietnamese public companies, especially listed ones, should have clear policies and procedures governing related party transactions (RPTs) and an effective oversight mechanism that complies with the laws and follows best international practices.

Listed companies account for just 0.1 percent of the total number of operating enterprises and see poor corporate administration.

A seminar discussing how to manage risks in the derivative market took place in Ho Chi Minh City on November 10.

The Hanoi Stock Exchange has welcomed three new companies to the Unlisted Public Companies (UPCoM) market, reaching capitalisation of more than 108.4 trillion VND (5 billion USD).